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WEICY (Weichai Power Co) Accounts Receivable : $4,841 Mil (As of Sep. 2024)


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What is Weichai Power Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Weichai Power Co's accounts receivables for the quarter that ended in Sep. 2024 was $4,841 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Weichai Power Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 63.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Weichai Power Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-17.01.

Weichai Power Co Accounts Receivable Historical Data

The historical data trend for Weichai Power Co's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Weichai Power Co Accounts Receivable Chart

Weichai Power Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,036.77 2,337.45 2,930.81 3,072.21 3,326.80

Weichai Power Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,737.52 3,326.80 4,768.97 4,307.89 4,840.75

Weichai Power Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Weichai Power Co Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Weichai Power Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4840.751/6990.372*91
=63.19

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Weichai Power Co's accounts receivable are only considered to be worth 75% of book value:

Weichai Power Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11738.507+0.75 * 4840.751+0.5 * 4903.529-31452.442
-0-4924.476)/1090.82
=-17.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Weichai Power Co Accounts Receivable Related Terms

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Weichai Power Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Weichai Power Co Ltd (OTCPK:WEICY) » Definitions » Accounts Receivable
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SZSE:000625 SHSE:600418 SHSE:601127 SHSE:600104 SHSE:601238 SHSE:600733 SZSE:000800 SHSE:601777 SHSE:603529 SHSE:600166 TSLA TSE:7203 SZSE:002594 MIL:RACE XTER:P911 XTER:MBG GM XTER:BMW XTER:VOW3 TSE:7267
Traded in Other Exchanges
WEICF:USA 02338:Hong Kong WI4:Germany 000338:China WI4:Austria
Address
197, Section A, Fu Shou East Street, High Technology Industrial Development Zone, Shandong Province, Weifang, CHN, 261061
Website
https://www.weichaipower.com
Weichai Power Co Ltd is an industrial technology company that offers vehicles and equipment manufacturing, and logistics and supply chain services in China. The operating segments of the company are; Engines segment which includes the manufacturing and sale of engines and related parts; Automobiles and automobile components which includes the manufacturing and sale of automobiles and automobile components other than Engines; Agricultural equipment includes the manufacturing and sale of agricultural equipment (complete machineries), agricultural machineries, agricultural vehicles, and related parts; and the Intelligent logistics segment which generates key revenue, includes forklift trucks production, warehousing technology, and supply chain solution services.